HER 0.00% 88.5¢ herald resources limited

rising......, page-2

  1. 2,839 Posts.
    fyi re her Philosophy and Background
    Listed in 1948 as a miner and manufacturer of clay products, Herald Resources Ltd first produced gold in 1986, and today continues to have significant mining and exploration assets in Australia and overseas. Since it began exploring for gold in 1983, Herald has brought 5 gold mining operations into production, achieved good levels of profitability, and paid dividends to its shareholders on numerous occasions.

    As well as presently producing gold at the flagship Coolgardie Mine, Herald has also concentrated on looking for world class deposits in other areas and other metals. It believes that it has already been successful in this regard, with the discovery of a highly exciting zinc/lead deposit at Dairi in Sumatra.

    The Company's philosophy is to return as much value as possible to its shareholders through the effective management and continued development of its key mineral assets, and to pursue opportunities for future growth through innovative exploration at its projects in Australia and overseas.

    At its present market capitalisation, Herald represents a very cheap entry to the Australian and international resources sector.

    The Company has an excellent track record, having produced gold since 1986. Herald remains focused on improving shareholder wealth by taking advantage of appropriate opportunities when they arise. Dividends were paid to shareholders in 1988, 1992, 1993, 1994, 1995, and 1996.

    Herald provides investors with an attractive infrastructure base and exciting growth prospects based on its exploration potential in Australia and overseas, which could provide future sources of mineral production. In 1997 the Company figured in the BRW publication at Number 17 in returns on shareholder funds for all listed Australian companies over the previous 5 years. Having now returned to a lower base, Herald
    hopes to be able to repeat this performance in coming years.

    The Company strives at all times to be a good corporate citizen and to observe high levels of safety, environmental and ethical standards.

    People and Innovation:
    Herald has a committed and professional management team which has many years of collective experience in the mining and exploration sector.

    Terry Allen, Chairman & Managing Director

    Mr Allen has over 25 years of experience in the resources sector. He has been extensively involved in exploration and the management of listed mining companies since 1980, when he successfully floated Black Hill Minerals and made the Mt Percy discovery. He has been the motivating force in making the Company a significant gold producer.

    Michael Wright, Finance Director

    Mr Wright has had 20 years experience in the resources sector in a corporate and financial capacity. He had previously worked for the Occidental Oil group, Haoma NL, Griffin Coal, Strata Oil, and Arthur Andersen.

    Graeme Hutton, Non-Executive Director

    Mr Hutton has more than 25 years experience in the mining and exploration industry, having been a founding director of Metana Minerals NL. His special responsibilities include acting as a consultant geologist to Herald.

    Terence Middleton, MAIME, AffAusIMM, Exploration Manager (International)

    Mr Middleton has more than 30 years experience in the mining and exploration industry. His current role includes responsibilities for international exploration projects in Indonesia and Thailand. He is well suited to the role, having been employed in the past by Union Carbide, Getty Oil, and Pancontinental, working on projects in the United States, Canada, New Zealand, and South America.

    Herald has consistently demonstrated its ability to devise and implement innovative strategies in its mining operations.

    Examples include:

    Use of an in-the-wall ramp for the Three Mile Hill pit at Coolgardie, which was an outstanding success despite widespread industry scepticism. This tunnel replaced a conventional in-pit haul road and, as such, saved $4 million in overburden removal as well as providing potential access for any underground operations.
    Primary column flotation with secondary conventional flotation before undertaking CIL on the flotation concentrates (the plant has now been fully converted to a CIL 1.2 million tonne per annum plant).
    Adaptation of conditional simulation techniques for grade control.
    Investigation of treatment processes for underground ore, and sulphide and oxide blended ore.
    Tailings dam decommissioning and rehabilitation.
    The above projects have all qualified for eligibility under the Federal Research and Development guidelines, thereby vindicating Herald's innovative abilities.

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Currently unlisted public company.

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